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  • Business Today

    LOOKING UP

    Nov 28, 2019 4 minutes
    By RASHMI PRATAP
    Photograph by YASIR IQBAL

    AFTER HITTING ROCK BOTTOM, residential real estate sales are showing signs of recovery as fence-sitters realise that property prices may not fall further. “Price points cannot go down any more. From a technical as well as market perspective, prices have bottomed out and there is no scope for decline in the near future,” says Siva Krishnan, Head – Residential Services, Developer Solutions and Strategic Consulting, JLL India.

    One reason is the cost incurred by developers, which has three main components – land, construction and interest. “Today, if you add up these three, without even including inflation and minimal margin for developers, prices are lower than the total.

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